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The new manager of the government's $700 billion bank bailout program says he sees signs the economy is on the mend even though high unemployment and falling home prices remain a threat. In prepared testimony for a congressionally appointed panel, Herbert...
Tags: Congressional Oversight Panel, Herb Allison, Herbert Allison, congressionally oversight, U.S
Senate on Friday confirmed Herb Allison, the former chief executive of mortgage finance company Fannie Mae , as assistant Treasury secretary to oversee the government's $700 billion bank bailout fund. Allison, had led Fannie Mae (FNM.P) after the Treasury...
Tags: Senate, Herb Allison, Fannie Mae, Herbert Allison, Treasury Department, bank bailout
Herbert Allison, installed by government regulators as CEO of the company last fall, sent a companywide e-mail Friday defending Fannie Mae's bonus program for thousands of workers. "I am deeply concerned that eliminating our retention plan would jeopardize...
Tags: Fannie Mae, Herbert Allison, Freddie Mac, Barney Frank, deeply concerned, bonus programs, retention bonuses